Relevant:
- Even Ed Yardeni Admits "This Is Not Investing... The Markets Are All Rigged"
- Rumors Grow that the U.S. Fed is Propping Up the Stock Market
- When Central Planning Fails
- Get Used to Selloffs, Central Bankers Say as They Fret about the Terrifying Moment When Liquidity Evaporates | Wolf Street
- Stocks, oil jump as Draghi the dove tames global bears (THE NEW HOPIUM HIGH!)
2016-07-17 — zerohedge.com
BOJ and ECB asset purchases are not just distorting their respective stock markets. Remember, markets are connected these days more than ever. Central bank liquidity pumping into one market can show up in another. At the moment, dollar based U.S. blue chip stocks -- especially those that pay a dividend -- are the hot product.
This week the S&P 500 hit a new all-time high. Every inkling inside of us, from our gut to our brain to our big toe, says stocks should've already crashed. They are overvalued to the extreme by various valuation measurements... before stocks melt down we could be treated to the grand spectacle of an epic melt up; a historical measurement of the insanity of central bankers.
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